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it wasn't a measurement of mitt romney and his policy. here's what we are saying -- >> how much would it cost. >> revenue-neutral. >> chris: i'm talking about the -- we'll get to the deductions. the tax rate. >> the cut in tax rates is lower all americans tax rates, 20%. >> chris: how much does it cost. >> it is revenue neutral. >> chris: it's not unless you take away the deductions. i'm asking you -- we'll get to that in a second. first half, lowering the tax rate. how much -- does it cost $5 trillion. >> no. no. look, i will give you a baseline, what this is about. we're saying, limited deductions, to lower tax rates for everybody and start with it people at the higher end, here's the way it works. i have been on the committee for 12 years. both parties, republicans and democrats have junked up the tax code with give aways and tax breaks, we're saying keep your money in your pocketbook and business and family, in the first place and the way it work today, you send more money to washington, and, then if you do what washington approves of
it wasn't a measurement of mitt romney and his policy. here's what we are saying -- >> how much would it cost. >> revenue-neutral. >> chris: i'm talking about the -- we'll get to the deductions. the tax rate. >> the cut in tax rates is lower all americans tax rates, 20%. >> chris: how much does it cost. >> it is revenue neutral. >> chris: it's not unless you take away the deductions. i'm asking you -- we'll get to that in a second. first half, lowering...
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Oct 1, 2012
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here's paul ryan on fox news sunday. >> lowering tax rates by broadening the tax base works. and you can -- >> but i have to -- you haven't given me the math. >> i don't have the time -- it would take me too long to go through all of the math. let me say it this way, you can lower tax rates by 20% across the board, by closing loopholes and still have preferences for the middle class for things like charitable deductions for home purchases, for health care. >> where is the math? and is mitt romney going to be under pressure in this debate to produce the specifics as to how it will all add up? >> well, andrea, first that's a laughable question. where's the president's plan? he's had four years, 23 million people don't have work. so let's start with that. >> the question was asked by -- the question was asked by chris wallace on fox, being asked by other republicans, where is the math, how do you add up those tax cuts, even eliminating some deductions, which deductions would you eliminate, let's be specific and how will you do that and reach deficit reduction, which programs wil
here's paul ryan on fox news sunday. >> lowering tax rates by broadening the tax base works. and you can -- >> but i have to -- you haven't given me the math. >> i don't have the time -- it would take me too long to go through all of the math. let me say it this way, you can lower tax rates by 20% across the board, by closing loopholes and still have preferences for the middle class for things like charitable deductions for home purchases, for health care. >> where is...
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Oct 1, 2012
10/12
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is breaking away in his lead over mitt romney. he worked with oil and gas companies to increase the 14-year high in oil production. he proposed bipartisan solutions on a number of things. there are certain things congress won't pass in an election year. megyn: thank you both so. up next we have big news from washington and massive layoffs across the defense industry and the layoff notices that were about to go out. megyn: defense contractor lockheed martin confirming it will back off plans to issue layoff work notices to workers days before the election in november. the company said it would be forced by law to issue the notices due to the automatic cuts to the defense spending. but then came the arguments from washington to hold off on those layoff notices. melissa francis joins knee now. she is the host of "money." so the feds contact lockheed martin and say don't issue those in the. >> these are your tax dollars at work. the labor department says we know you are supposed to send out those pinkship -- those pins you may get laid
is breaking away in his lead over mitt romney. he worked with oil and gas companies to increase the 14-year high in oil production. he proposed bipartisan solutions on a number of things. there are certain things congress won't pass in an election year. megyn: thank you both so. up next we have big news from washington and massive layoffs across the defense industry and the layoff notices that were about to go out. megyn: defense contractor lockheed martin confirming it will back off plans to...
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Oct 1, 2012
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the problem is mitt romney saying these things. and it's not just about the 47% that was mentioned in that speech. you have to remember, he also talked about if i was perhaps latino, it would be easier for me, i would be winning this thing already. he said a bunch of other things in that video that this is going to undermine his ability to really attack the president on domestic policies and seen as believable. because we saw mitt romney talking in private about how he really feels. so what he says on stage is going to sound hollow because we saw him behind the scenes. and that's his greatest obstacle about the whole video. it's not about the numbers and trying to break it down, it's the sentiment behind the entire video which was condescending, which came from a place of elitism. >> okay. he just misspoke. >> no, i think, carol, he makes a good point. that's going to be very difficult for romney to readdress that 47%. on the flip side, this will be the first time someone can really go after president obama over the administration'
the problem is mitt romney saying these things. and it's not just about the 47% that was mentioned in that speech. you have to remember, he also talked about if i was perhaps latino, it would be easier for me, i would be winning this thing already. he said a bunch of other things in that video that this is going to undermine his ability to really attack the president on domestic policies and seen as believable. because we saw mitt romney talking in private about how he really feels. so what he...
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bush gets an unfavorable rating of 49%. romney gets 50%. bush's favorables are higher than joe biden paul ryan and the republican party in general. it is well known romney's favorability numbers are lower than the president's many believe romney, mega-rich businessman, who once tied the family dog to the roof of his car, doesn't seem able to connect with a lot of ordinary voters out will but less popular than george w. bush, that's cold. for start i, romney and his campaign have done everything in their power to make americans forget about george w. bush in his eight years as president. romney avoids mentioning the form president's name. bush was nowhere to be seen at the republican convention in tampa. that's because for a lot of americans, bush's presidency brings back bad memories of the war in iraq, afghanistan, and the dismal response to the federal government to hurricane katrina, and the conditions that allowed the financial crisis of 2008 to happen, on and on. it is a long list. a few months ago, a cnn poll found bush is the least p
bush gets an unfavorable rating of 49%. romney gets 50%. bush's favorables are higher than joe biden paul ryan and the republican party in general. it is well known romney's favorability numbers are lower than the president's many believe romney, mega-rich businessman, who once tied the family dog to the roof of his car, doesn't seem able to connect with a lot of ordinary voters out will but less popular than george w. bush, that's cold. for start i, romney and his campaign have done everything...
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Oct 1, 2012
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we don't know how mitt romney proposes to lower the corporate rate to 20%, 25%, i forget which one, because they haven't identified the loopholes. >> but that's linchpin of the whole campaign is around taxes, is around lowering taxes and is around -- >> actually, it's not. actually, it's not because if you remember, andrew, in his convention speech, he didn't especially mention his individual tax cut. and he went out on the road last week and said by the way, i'm going to cut tax rates, but don't expect a big tax cut because i'm going to take away deductions. so romney in fact and i've talked to romney's strategists about this, they know that voters don't actually believe that you're going to have a big net tax cut for anybody. it's not credible. >> the linchpin of the entire plan is to raise taxes on people 250 or above, which does nothing for the definite sit, does nothing with entitlements. not only are you not talking details, all you have is raising tax on people that have money and talking about nothing else. >> the distinction is that the romney campaign is saying we're not going to
we don't know how mitt romney proposes to lower the corporate rate to 20%, 25%, i forget which one, because they haven't identified the loopholes. >> but that's linchpin of the whole campaign is around taxes, is around lowering taxes and is around -- >> actually, it's not. actually, it's not because if you remember, andrew, in his convention speech, he didn't especially mention his individual tax cut. and he went out on the road last week and said by the way, i'm going to cut tax...
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Oct 1, 2012
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the unemployment rate is a little bit higher than it is in the state-wide unemployment rate. and when they want to hear from the president and frankly from governor romney is how they can turn everything around. they want to hear how the country is going to be better in the next four years. most of them have talked about looking forward not looking back. i think both candidates probably could take some pointers from those folks. you're going to hear a lot of them on special report tonight. jenna: just really quick here, bret how specific do they want each candidate to get. we hear back and forth, they want real specifics, no they want great personality and leadership, the specifics are not that important. what are you hearing from voters. >> the people we talked to pretty much across the board were pretty much into the weeds on both sides. they wanted to know what exactly was going to happen, how it was going to affect them and how either person was going to turn the country around. the obama supporters say give the president more time, he hasn't had enough time to turn it ar
the unemployment rate is a little bit higher than it is in the state-wide unemployment rate. and when they want to hear from the president and frankly from governor romney is how they can turn everything around. they want to hear how the country is going to be better in the next four years. most of them have talked about looking forward not looking back. i think both candidates probably could take some pointers from those folks. you're going to hear a lot of them on special report tonight....